Burberry Group plc (BRBY) Receives GBX 1,732.16 Consensus PT from Brokerages
Burberry Group plc (LON:BRBY) has received an average recommendation of “Hold” from the twenty-one ratings firms that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 1,734.26 ($22.81).
A number of brokerages have recently issued reports on BRBY. Societe Generale reissued a “hold” rating and issued a GBX 1,800 ($23.67) price objective on shares of Burberry Group in a research note on Friday, November 10th. Deutsche Bank AG upped their price target on Burberry Group from GBX 1,650 ($21.70) to GBX 1,775 ($23.35) and gave the stock a “hold” rating in a research note on Wednesday, September 27th. Liberum Capital reaffirmed a “sell” rating and set a GBX 1,350 ($17.76) price target on shares of Burberry Group in a research note on Friday, August 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,900 ($24.99) price target on shares of Burberry Group in a research note on Thursday, October 12th. Finally, Morgan Stanley upped their price target on Burberry Group from GBX 1,495 ($19.66) to GBX 1,748 ($22.99) and gave the stock an “equal weight” rating in a research note on Tuesday, September 19th.
Shares of Burberry Group (LON:BRBY) traded down GBX 8 ($0.11) during trading hours on Thursday, hitting GBX 1,740 ($22.89). The stock had a trading volume of 735,619 shares, compared to its average volume of 2,510,000. Burberry Group has a 12 month low of GBX 1,391.37 ($18.30) and a 12 month high of GBX 2,024 ($26.62).
The business also recently announced a dividend, which will be paid on Friday, February 2nd. Shareholders of record on Thursday, December 21st will be given a dividend of GBX 11 ($0.14) per share. The ex-dividend date is Thursday, December 21st. This represents a dividend yield of 0.63%.
About Burberry Group
Burberry Group plc is a manufacturer, wholesaler and retailer of luxury goods. The Company also licenses third parties to manufacture and distribute products using the Burberry trademarks. The Company’s segments include retail/wholesale and licensing. The Retail/wholesale segment is engaged in the sale of luxury goods through Burberry mainline stores, concessions, outlets and digital commerce, as well as Burberry franchisees, prestige department stores globally and multi-brand specialty accounts.
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